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Shaping up to be an interesting final 10 minutes
I looked away for a minute and we ripped through 10 million shares??? what happened?
I'm also thinking that this has something to do with the Epic alliance being extended. If you notice the dates on the form 4s the old warrants expire in 2016 and the new warrants expire in 2018.
I'm going to type this out partly for my own understanding, but also to see if others agree.
It looks like there are three separate things going on with the Form 4. (FYI, we should see 5 form 4s, but they are all stating the same thing for the following Epic Pharma, LLC ("EP"), Epic Investments, LLC ("EI"), Ram Potti, Ashok G. Nigalaye and Jeenarine Narine.)
1. Distribution of 24,281,850 common shares to its members.
2. Distribution of 11,964,667 warrants to its members.
3. Milestone payment of 4,000,000 warrants pursuant to the strategic alliance agreement
So, I'm making the assumption that the members are Ram Potti, Ashok G. Nigalaye and Jeenarine Narine. It appears that they will split up the 24,281,850 common shares as well as the ability to purchase up to 11,964,667 more common shares at a price of 0.0625. Also Epic will be getting the option to buy 4 million more common shares at a price of .0625.
Does this sound accurate?
you are probably correct, and it will be easy to determine if people come on the board making claims that can disproved.
Well, that certainly is an interesting perspective. Are they growing carrots?
While that 2.5 million might be labeled a sell someone wanted 2.5 million at that price, which is very interesting. In its current state why would someone increase the bid to buy at .0005 when it has been at .0004 and .0003 for months? The only reason it is labeled as a sell is because the ask got pushed to .0006. Someone wanted those shares quite a bit. The question is why? Are they front loading for a P&D or are they getting in on the ground floor of something real?
I don't know anything. Leaning toward someone trying to create MOMO out of a stagnant shell. Hope it is something more than that.
but can you tell us where you heard anything about BRZL? They have been silent for 8 months.
The last 8K said that the shares issued to renfro were being returned to BRZL. It says nothing about about a reduction
Item 1.02 Termination of a Material Definitive Agreement
Effective August 19,2011 the company has ended all agreements with James Renfro and Renfro Energy LLC. The company will not move forward with the acquisition of Renfro Energy, LLC.
Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers
Effective August 16, 2011 James R. Renfro has resigned as a director of Brazos International Exploration Inc. and the company has agreed to end the services agreement that both parties entered into on May, 28, 2010. Mr. Renfro and Renfro Holdings Inc, have both agreed to transfer all 480,000,000 shares of the company's stock received through the services agreement back to the corporation.
http://sec.gov/Archives/edgar/data/1420924/000120445911002369/form8k.htm
And where are you hearing that?
No clue.
One of two things. Either somebody knows something and we are going to see something good happen or someone sees this as an opportunity to front load and then dump when people buy in because they saw how fast it moved.
It is definitely an intersting day.
The main concept of the DTC chill is that there were trading irregularities happening with BRZL. The Chill was put in to make sure that the shares people were selling really existed. Some brokers such as ameritrade won't let you buy a stock that is on this list, others don't care. Here is a place to do research on it.
http://investorshub.advfn.com/boards/board.aspx?board_id=23867
I thought Sam was just an Urban Legend....
I can sell, but I can't buy through Ameritrade because of the DTC chill. Been that way for a long time
Anyone know what is going on?
I like the Volume by Price Chart. Helps me visualize where the money entered. Thank you
conix,
Could you post the money flow chart that has the bars depicting where the volume is at a specific price?
Thank you
Here is proof that Elite's CEO Jerry Treppel is calling ELI-216 a homerun. This isn't just random investors trying to create excitement.
https://docs.google.com/file/d/0BwI9WYgqHk9mMWM3OGM4MmUtY2I4Yi00MDliLTkyMmUtNGZmYzhjMTVhOWMx/edit?hl=en_US&pli=1
I definitely agree. Thank you for pointing that out. In the last two weeks the PPS has gone up 60% in anticipation of the patent news. This is a great precursor to the actual PR that will be released by Elite. People are starting realize the potential here and the pps is moving accordingly!!
Here is one from 9 days ago, talking about a breakout above .15
Technical Breakout Alert: Elite Pharmaceuticals Inc. (OTCBB: ELTP) has developed a Major Support Level around $0.08 over the last several months and recently gained 56% in just 2 days on above average volume. Elite Pharmaceuticals (OTCBB: ELTP) closed Monday's trading at $0.125. Resistance lies around the $0.15 area. A break above $0.15 on above average volume could ignite a Technical Breakout.
http://www.sys-con.com/node/2239969
looks like we are starting to get some attention from stock pick sites. Could really help keep up the momo going into our next PR
Elite Pharmaceuticals Inc (OTC:ELTP) traded as high as $.154 during today’s trading session and last traded at $.1462 for a gain of 17.34% from Wednesday’s close… ELTP shares have traded as high as $.248 over the past 52 weeks, which is 41.05% off that high at last traded stock price.
Elite Pharmaceuticals, Inc is a specialty pharmaceutical company mainly engaged in the development and manufacture of oral, controlled-release products, using proprietary technology.
Read more: http://fyxnews.com/smw/25212/Six-Penny-Stocks-on-the-Move-with-Heavy-Volume-to-Watch-for-Friday-#ixzz1sXnyw1b8
Yep Mine too. Much easier to read now.
That may be true, but nobody told my charts.
ARCA sitting with a bid of 605,000 @ .14
Wow, we just got a major jump in pps and volume. Notice all the new MMs coming in!!!
I think we would see a preponderance of people agreeing with me, but you are of course able to form your own opinion.
I'm guessing that people are attempting to reach the standard set for hyperbole that has been already been set on the opposite end of the spectrum.
Perhaps you could scale down your criticism for a company that is substantially smaller than Purdue and Pfizer. Elite's actions in the past 2 years coupled with their recent patent have created a "game changing" situation for Elite. I really don't think anyone is saying that they will be the superstar in the pharma industry. People are saying that Elite is about to move from an unprofitable company to a small company with a solid pipeline and a unique product that drives their growth for years to come. This leads to a lot more than a 12 cent stock. ELTP is closing in on a breakout. Even if they aren't Purdue or Pfizer.
Then why the continued comparison?
I notice over the last few months you continue to make a comparison to Purdue and Pfizer. I cannot help but think this is great news for those that have invested in ELTP! Afterall, ELTP is a 12 cent stock that has been mired in problems over the last 10 years. Now that they have taken great strides in building a base pipeline to make them profitable, and have had their patent approved it looks like they are poised to make a move to grab some market share.
I think it is exciting to see you continually compare ELTP to some major players in the pharma industry. It looks like little Elite is about to challenge the big boys.
Perhaps you could explain why they would transmit over $1000 in fees? is it patent related or is Elite feeling generous?
doesn't look like it. no reports since November 2011 and that report says there was 0 production.
http://ucmwww.dnr.state.la.us/ucmsearch/UCMRedir.aspx?url=http%3a%2f%2fdnrucm%2fucm%2fgroups%2fconservation%2fdocuments%2fooc%2f4043001.pdf
It is called front loading. Then when the promotion comes people are going to get dumped on.
Actually they are currently producing 10 barrels a month, so 10 barrels a day would be a huge increase. Although, I don't think it will put a dent in the interest payments for the millions of dollars of debt FXPT has.
My interpretation is that it would be a material event, but I can see it can be a gray area also.
Securities and Exchange Commission required form that a publicly held company must file, reporting on any material event that might affect its financial situation or the value of its shares, ranging from merger activity to amendment of the corporate charter or bylaws.
The SEC considers as material all matters about which an average, prudent investor ought reasonably to be informed before deciding whether to buy, sell, or hold a registered security. Form 8-K must be filed within a month of the occurrence of the material event. Timely disclosure rules may require a corporation to issue a press release immediately concerning an event subsequently reported on Form 8-K.
Read more: http://www.answers.com/topic/8#ixzz1rwtm6CAN
Yeah, I've been thinking they might do a PR within a couple of days of another event. So if they are close to another event they could easily hang on to the Patent PR because with all the steps they have some wiggle room as to what counts as a material event.
So Elite has paid for the patent?